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1- Major IT companies need to transform their
Middle-East operations from purely local sales of technology produced elsewhere,
to international sales of technology produced locally.
2- Middle-East governments must enact
Intellectual Property (IP) rights that protect companies and individuals from IP
theft.
3- Government must bear some initial
development costs to make it attractive for companies to invest in technology
development in the region.
4- Government must make serious and massive
investments in Applied Research and Development.
5- Political regional stability is necessary
to build up confidence for international investment in local technology
development.
6- The region should learn from but not try to
imitate India’s or China’s models, but rather should focus on new niche
technologies such as bioinformatics and network intelligence.
7- Universities need to build a culture of
innovation and an environment conducive to the creation of spin-off companies.
This requires reduced teaching loads and an investment in applied research.
8- Universities must be much more proactive in
reaching out to the industry to partner on applied research projects.
9- The panel is also concerned that with
roughly half the regional population below the age of 20, the future can be
either be very bright or a disaster. It can be very bright if these young minds
are nurtured and opportunities provided to them to innovate. It can be a
disaster if current high levels of unemployment are allowed to persist and the
young men and women are discouraged by lack of opportunities and political
instability.
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